Cannabis Stock Movers For August 22, 2024
Portfolio Pulse from Benzinga Insights
The article reports on the stock movements of various cannabis-related companies on August 22, 2024. Notable gainers include Leafbuyer Techs, Elixinol Wellness, and Body and Mind, while significant losers include Cann Gr, Blueberries Medical, and EnWave. The article highlights the performance of both OTC and NASDAQ-listed companies.
August 22, 2024 | 8:30 pm
News sentiment analysis
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NEGATIVE IMPACT
Canopy Growth shares fell by 4.06%, closing at $6.14. This decline suggests a negative short-term outlook for the company.
The 4.06% decrease in Canopy Growth's stock price suggests a negative short-term outlook, possibly due to unfavorable news or market conditions.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Eastside Distilling shares fell by 9.77%, closing at $0.83. This significant drop indicates negative sentiment or adverse market conditions.
The 9.77% decrease in Eastside Distilling's stock price suggests negative investor sentiment or unfavorable market conditions, leading to a significant short-term decline.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70
NEGATIVE IMPACT
22nd Century Group shares decreased by 4.25%, closing at $0.53. This decline suggests a negative short-term outlook.
The 4.25% drop in 22nd Century Group's stock price indicates a negative short-term outlook, possibly due to unfavorable news or market conditions.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Cara Therapeutics shares rose by 3.46%, closing at $0.34. This indicates a positive short-term movement in the stock price.
The 3.46% increase in Cara Therapeutics' stock price suggests a positive short-term outlook, possibly due to favorable news or market conditions.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Greenlane Holdings shares increased by 3.47%, closing at $6.58. This positive movement indicates a slight upward trend in the company's stock price.
Greenlane Holdings' stock price increase suggests positive investor sentiment or favorable market conditions. The 3.47% rise, while modest, indicates a potential short-term upward trend.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70